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Excise duty is to be excluded from value of closing stock of finished goods
Case Law Details
- Case Name
- Commissioner of Income-tax, New Delhi Vs Shri Ram Honda Power Equipment Ltd. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
SUPREME COURT OF INDIA
Commissioner of Income-tax, New Delhi
Versus
Shri Ram Honda Power Equipment Ltd.
CIVIL APPEAL NOS. 6721 OF 2012 & OTHERS
SEPTEMBER 19, 2012
ORDER
Civil Appeal No.6721/2012 @ S.L.P. (C) No.23461/2012:
1. Heard learned counsel on both sides.
2. Delay condoned.
3. Leave granted.
4. The civil appeal filed by the Department concerns Assessment Year 1995-1996.
5. The judgement of the Bombay High Court in the case of CIT v. Indo Nippon Chemical Co. Ltd. [2000] 245 ITR 384 squarely applies to this case and the same has been affirmed by this Court, which is reported in CIT v....
